📊 DETAILS
Sector: Textiles & Apparel
Mkt Cap: 2,483 cr
Mayur Uniquoters is primarily engaged in the business of manufacturing of Coated Textile Fabrics, artificial leather and PVC Vinyl which are widely used in different segments such as Footwear, Furnishings, Automotive OEM, Automotive replacement market, and Automotive Exports.
TTM PE : 22.00 (High...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising channel
📌 Symbol/Asset: MAYURUNIQ
🔍 Description: Stock is trading in a multiple channels and now trading in a rising channel. If we see breakout then more upside is possible.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece...
Technical View :
Mayur Uniq gave a breakout from 4 legged VCP with excellent volumes recently.
After breakout, it made a pole and flag pattern, with 18% pole size.
If the flag breaks with good volumes, this can be considered a continuation pattern.
Fundamental View :
It is a leading player in organized leather industry with 60% revenue from Auto sector,...
The stock has closed in Bull candle near multiple resistance zone, suggesting buying there.
It is making higher low , shown by Upward sloping trend line.
It has moved out of the Ascending Triangle pattern, which is bullish continuation pattern.
The setup appears to be strong and worth investigating; one can research this setup and potential gains from this stock.
cmp is 534.80
it is on the verge of breakout and above 570 it will do wonders
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and...
📌Strong Breakout
✅Keep in your watchlist
#MAYURUNIQ
- Volatility & Volume Contraction before BO
- BO Validated with Volume
- Above Key EMAs
- Bullish RSI
In Weekly chart MAYUR UNIQUOTERS, bullish hammer is formed at last breakout level which now act as support level.
upward momentum is expected in coming weeks.
Plan an Entry at 415 with 400 as SL.
Buy Qty as per your risk ratio and Plan 1:2 or or 1:3 and book profits.
Mayur Uniquotes Limited Buy at the current market price and dip, with a stop loss below 400 (closing basis), as this stock bounces up from a good demand zone with an engulfing candle and breaks the old support that turned into resistance as a good bullish signal.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling...
